Tag: HMRC

Allegations made by Dan Neidle of Tax Policy Associates Ltd–Statement From Property118 and Cotswold Barristers

Author: Mark Alexander

29th September 2023, 3 years ago | 28

We are aware of a series of publications by Dan Neidle of Tax Policy Associates Limited to his website and...

Airbnb hosts face major HMRC tax crackdown

Author: Property118.com Landlord News Team

5th June 2023, 3 years ago | 3

HM Revenue & Customs (HMRC) has launched an investigation into the tax affairs of Airbnb hosts, covering six years’ worth...

UK’s property transactions fall by a third in a year

Author: Property118.com Landlord News Team

1st June 2023, 3 years ago | 0

HMRC’s latest data reveals a staggering drop in UK property transactions, signalling a potential slowdown in the housing market. In...

Difficulties remortgaging due to higher interest rates affecting lenders affordability criteria

Author: Mark Alexander

28th May 2023, 3 years ago | 14

Many landlords are reporting that it has become increasingly difficult to remortgage as a result of higher interest rates affecting...

HMRC will get a tax ‘gold mine’ with the new landlord database

Author: Property118.com Landlord News Team

23rd May 2023, 3 years ago | 24

The Renters’ Reform Bill has unveiled a new database that could turn into a tax ‘gold mine’ for HMRC to...

Making Tax Digital for Landlords?

Author: Readers Question

18th May 2023, 3 years ago | 6

Hello, There’s more red tape for landlords to come – From April 2026, self-employed individuals and landlords with an income of...

Hybrid LLP structures GAME OVER!

Author: Mark Alexander

15th May 2023, 3 years ago | 12

It’s game over for most Hybrid LLP tax structures. A “Hybrid” / Mixed LLP is a Limited Liability Partnership where...

How Property118 Are Helping A Landlord To Resolve A Serious Hybrid LLP Tax Planning Blunder

Author: Mark Alexander

14th May 2023, 3 years ago | 22

Stay tuned for the big reveal – the name of the accountant responsible for this catastrophic situation will be unveiled...

Landlords must ACT NOW to reduce tax payable on account this JULY

Author: Mark Alexander

5th May 2023, 3 years ago | 0

Payments on account are advance payments towards your tax bill for the following year based on the tax you owed...

Holiday lets and HMRC rules?

Author: Readers Question

28th April 2023, 3 years ago | 10

Hello, Does anyone here understand the rules surrounding extended lets of 31 days plus, please? Here is the Gov link: The...

February sees the lowest property sales in a decade

Author: Property118.com Landlord News Team

21st March 2023, 3 years ago | 0

Data published by HMRC show that non-seasonally adjusted property sales were up 2% from January, to 76,920 in February –...

Capital cost vs allowable expense?

Author: Property118.com Landlord News Team

30th January 2023, 4 years ago | 5

Hello, Would reinstatement (like for like) following an accident to a property be considered a capital cost or allowable expense...

House sales fell by 3% in December, HMRC says

Author: Property118.com Landlord News Team

24th January 2023, 4 years ago | 0

The latest data on the UK’s house sales from HMRC reveals that numbers dipped by 3% month-on-month in December 2022...

HMRC says stamp duty tax surges by 19% to £14bn

Author: Property118.com Landlord News Team

22nd December 2022, 4 years ago | 0

Stamp duty tax receipts in England surged by 19% between April and November to £14bn – an increase of £2.2...

Making Tax Digital for landlords is delayed by two years

Author: Property118.com Landlord News Team

20th December 2022, 4 years ago | 5

The Government has announced that the introduction of its flagship ‘Making Tax Digital’ (MTD) scheme for Income Tax Self Assessment...

50,000 landlords have left the PRS since 2019

Author: Property118.com Landlord News Team

25th November 2022, 4 years ago | 17

It has been revealed that the UK has 2.74 million unincorporated landlords and in 2020-21 they earned £41bn from rents,...

UK sees house transactions rise by 2% in October

Author: Property118.com Landlord News Team

23rd November 2022, 4 years ago | 0

The number of UK house transactions increased by 2% in October to reach a seasonally adjusted total of 108,480, HMRC...

HMRC is targeting residential landlords with ‘nudge letters’

Author: Property118.com Landlord News Team

14th November 2022, 4 years ago | 20

HMRC is targeting residential landlords in its latest ‘nudge campaign’ that it suspects are not declaring their full rental income,...

Government plots raid on landlords to plug £50bn black hole

Author: Property118.com Landlord News Team

7th November 2022, 4 years ago | 47

The government will target landlords in a bid to plug a £50bn hole in the country’s finances, reports reveal. The...

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Late filing landlords to pay £10 a day fines

Author: Property118.com Landlord News Team

19th April 2012, 14 years ago | 0

HMRC is getting tougher with landlords who have ignored appeals to file their tax returns on time. From May 1st,...

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Tax man urges landlords to keep accounts on their phones

Author: Property118.com Landlord News Team

16th April 2012, 14 years ago | 1

The tax man is urging landlords to keep better financial records with the help of apps on their mobile phones....